Word: stockely
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Dates: during 1970-1979
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...underpaid at CBS, at about $150,000 a year with no contract. So when ABC offered him $250,000 per annum in a three-year contract to turn it into the hot network, he sprinted across 53rd Street to ABC. The day his defection was announced, ABC's stock rose nearly 2 points...
...stock market is the most sensitive barometer of investor attitudes, and it has reacted to Jimmy Carter's election with a minicrash. During the first eight trading days since the vote, the Dow Jones industrial average plummeted more than 38 points, to a close of 927.69, the lowest since last January. Though stock traders have had other things to worry about-primarily the slowdown in the economy-the chief reason for the sell-off appears to be fear that Carter's programs to speed up the economy will set off a new burst of inflation...
Talks with leading businessmen around the country indicate, however, that in this case the stock market has been oversensitive to the point of neurosis. Among dozens of executives interviewed by TIME correspondents, few were nearly as frightened as the plunge on Wall Street might lead a headline reader to believe. To the contrary, though the business community voted solidly for Ford, executives are taking a relaxed, wait-and-see attitude toward the forthcoming Carter Administration. They hope that the new President can indeed get the business recovery moving again, and that his populist oratory during the campaign will...
...most important indication of the business mood is that, whatever stock market investors may think, corporate chiefs are not cutting back on the vital investments that they make in new plant and equipment. "We made our plans, and they haven't changed," says Joel Goldberg, president of Rich's, a chain of 12 department stores, which has its headquarters in Atlanta. Speaking to shareholders in Boston last week, U.S. Steel Chairman Edgar Speer declared that his company would go ahead with plans to spend about $900 million in 1977. Somewhat similar statements came from J.C. Penney and American...
Perhaps my biggest disappointment with the task force report is the time it devotes to devising ways to make the requirements stick. It takes much too little stock of the other reason for the current state of the General Education program: the faculty's lack of interest in staffing such a program...